Latvia: Measuring Instrument Market 2020

Measuring Instrument Market Size in Latvia

The revenue of the measuring instrument market in Latvia amounted to $X in 2018, remaining relatively unchanged against the previous year. In general, measuring instrument consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. In that year, the measuring instrument market attained its peak level of $X. From 2013 to 2018, the growth of the measuring instrument market remained at a lower figure.

Measuring Instrument Production in Latvia

In value terms, measuring instrument production totaled $X in 2018 estimated in export prices. Over the period under review, measuring instrument production continues to indicate a drastic descent. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Latvia measuring instrument production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Measuring Instrument Exports

Exports from Latvia

In 2018, the exports of instruments and apparatus for measuring or checking the flow or level of liquids from Latvia amounted to X units, jumping by X% against the previous year. In general, measuring instrument exports, however, continue to indicate a dramatic decline. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Latvia exports peaked at X units in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, measuring instrument exports stood at $X in 2018. In general, measuring instrument exports, however, continue to indicate remarkable growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, measuring instrument exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of measuring instrument exports in 2018 were Germany (X units), China (X units), Japan (X units), Mexico (X units), Luxembourg (X units), the Czech Republic (X units) and Switzerland (X units), together accounting for X% of total export. The following exporters - Malaysia (X units), Italy (X units), South Korea (X units), the Philippines (X units) and the U.S. (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Luxembourg (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument markets from Latvia were Germany ($X), the U.S. ($X) and China ($X), together comprising X% of total exports. Japan, Italy, Mexico, Switzerland, the Czech Republic, Malaysia, South Korea, the Philippines, Luxembourg and Latvia lagged somewhat behind, together accounting for a further X Philippines recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The measuring instrument export price in Latvia stood at $X per unit in 2018, rising by X% against the previous year. Over the period under review, the measuring instrument export price continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2011 when the export price increased by X% against the previous year. Over the period under review, the export prices for instruments and apparatus for measuring or checking the flow or level of liquids reached their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Latvia

In 2018, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported into Latvia totaled X units, rising by X% against the previous year. In general, measuring instrument imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Latvia imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, measuring instrument imports amounted to $X in 2018. Over the period under review, measuring instrument imports continue to indicate a strong expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Latvia imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units), China (X units), Germany (X units), Mozambique (X units), Poland (X units) and the Czech Republic (X units) represented the main importers of instruments and apparatus for measuring or checking the flow or level of liquids in the world, creating X% of total import. Hungary (X units), the UK (X units), Ukraine (X units), France (X units), Mexico (X units) and Canada (X units) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument importing markets into Latvia were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. France, the UK, Canada, Mexico, Poland, the Czech Republic, Hungary, Ukraine, Latvia and Mozambique lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the measuring instrument import price in Latvia amounted to $X per unit, shrinking by -X% against the previous year. In general, the measuring instrument import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the import prices for instruments and apparatus for measuring or checking the flow or level of liquids reached their peak figure at $X per unit in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform